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La Cantera Group
In this Group: Myrtha, Claudia, Norma, Rosa, Mónica, Andrés, Mariana, María, Jaime, Nancy, Manuel, Denise, Elegarda, Silvia, Ximena, Herta, Matilde, Dalia
This Communal Bank is called “La Cantera” (The Quarry) and consists of 18 entrepreneurs who engage in the retail trade, specifically selling clothes, preparing and selling fast food, and managing a restaurant. All of the members are from the city of Osorno.

In the photograph, Myrtha is seated on the first row, second from the right. She is wearing a coffee-colored jacket, a white turtleneck sweater, and eyeglasses. Myrtha has been in the retail trade, specifically selling clothes, for the past six years. Her vending stall is located at the open fair, where she sells on Sundays and Wednesdays. The merchandise that she offers varies, but generally she carries clothes for all ages and sizes. The responsibility for buying the clothes is left to her sister who lives in the city of Santiago. She buys the new garments from the distributors and then ships them through the mail. With this loan, Myrtha will buy new clothing. Her goals are to continue with her business, generate more income, and achieve a better quality of life.

Myrtha lives with her 20-year-old daughter who is a university student studying for a degree in Education. Her dreams include seeing her daughter finish her studies and receive her degree. She would love to see this task completed.

Myrtha is very pleased with and appreciative of the loan and services provided by Fondo Esperanza. In addition, she says that she feels very comfortable in the meetings and with her Communal Bank group, which has displayed generosity and unity.

Osorno is a city located in southern Chile, in Los Lagos region. It is an important agricultural center and has been given the nickname of “The Homeland of Milk and Beef” for all of Chile. The agricultural activities that take place in the area include the cultivation of wheat and oats, livestock breeding, meat and milk processing, and the manufacture of farming equipment. Osorno is also the home of the only covered soccer stadium in Chile, the Rubén Marcos Municipal Stadium.

View original language description ↓
Este Banco comunal se llama “La Cantera” está conformado por 18 emprendedores que se dedican al rubro del comercio, específicamente venta de ropa, preparación y venta de comida rápida, además de restaurante. Todos ellos pertenecientes a la ciudad de Osorno.
Myrtha quien en la foto se encuentra sentada en primera fila, ocupando el segundo puesto de derecha a izquierda, usa una chaqueta color café, polera color blanco y anteojos. Ella se dedica al rubro del comercio, específicamente a la venta de ropa, desde hace 6 años. Su puesto lo ubica en ferias libres, los días domingos y miércoles. Su mercadería en ropa es diversa, ya que generalmente sus productos son para todas las edades y personas.
Su mercadería usualmente la compra por encargo a su hermana quien vive en la ciudad de Santiago, ella es quien compra ropa nueva en distribuidoras y se la envía por encomienda.
Con el crédito comprará ropa nueva.
Sus metas son continuar con el negocio, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Myrtha vive junto a su hija de 20 años de edad, quien estudia en la Universidad la carrera de pedagogía. Sus sueños son esperar a que su hija termine de estudiar y se titule, para ver su tarea cumplida.
Myrtha está muy contenta y agradecida del crédito y servicios otorgados por Fondo Esperanza. Además comenta que se siente muy cómoda con las reuniones y grupo del Banco comunal, ya que existe generosidad y unidad.
Osorno es una ciudad que se ubica en la zona sur de Chile, región de Los Lagos. Es un importante centro agropecuario que se identifica como "La Patria de la Leche y Tierra de la Carne" de Chile. Dentro de su actividad agropecuaria se destaca el cultivo de trigo y avena, la crianza de ganado, para el procesamiento de carnes y lácteos además de la fabricación de equipos agrarios.
Destaca en Osorno el único estadio de fútbol techado de Chile, el Estadio Municipal "Rubén Marcos”.

Additional Information

About Fondo Esperanza

Fondo Esperanza (FE) is a private non-profit organization that supports entrepreneurship by providing micro-credit and training to people living in poverty in well over 100 cities throughout Chile. By providing these services, FE aims to improve the living conditions of the entrepreneurs and their families. In 2010, FE provided loans to more than 41,000 entrepreneurs. It utilizes a communal banking model in which groups of 18 to 25 clients meet on regularly and guarantee each other’s loans. The members use their portion of the loan to create or expand their own businesses. In the group meetings, clients receive training though the FE Entrepreneurship School, which enhances clients’ personal and business skills and ability to work in groups.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Chile

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 471.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Cantera Group's $3,450 loan helped a member to buy new clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 29, 2011
Aug 24, 2011
Currency Exchange Loss:
Dec 15, 2011